weekly view, it broke 11.40 but stopped above 11.20, an important price low on Oct. 4th 2011 (didn't use 11.10 on Sep 26, 2011 since 11.20 is a retest of bottom/leg)
temporarily, it broke a recent downtrend and a 2-day bottom at 11.82 on Oct. 30, 2014, followed up with a large volume indicating this could be a valid break-out. Lastly, in my point of view, it is just a rebounce before touching the weekly lower trendline.
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